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Pharma deal making: a bright spot amid the gloom

Biopharma M&A is back and IPOs are possible, but most biotechs aren’t out of the woods.

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Fig. 1: Merger and acquisition activity over time.
Fig. 2: IPO activity over time.
Fig. 3: Licensing activity over time.
Fig. 4: Licensing activity by therapeutic area.

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Senior, M. Pharma deal making: a bright spot amid the gloom. Nat Biotechnol 41, 1365–1372 (2023).

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